Vaping products will come in october 2026 and the existing tax on tobacco will increase. The chancellor says thats in order to maintain the financial incentive to choose over smoking. Windfall tax on the profits of energy firms draw will be extended into 2029 even that was previously scheduled to end in 2028. Increase in flight duty for Business Class tickets, non dom tax free dream on People Living overseas and didnt that it will be replaced with new rules from april 2025. Bigger picture the uk economy now. The obr, office of budget responsibility predicts the economy is going to grow and add 1. 9 we are currently on a technical recession. Inflation rate forecast to fall below 2 target this year but the underlying debt. But the underlying debt, excluding Bank Of England debt, is forecast to be 91. 7 of gdp this year, rising to 92. 8 next year. The government also kept a freeze on alcohol duty, there is a lot to chew over and we have tried to bring up to date on the main headlines but
Sir Keir Starmer to join Mark Drakeford on Labour s Senedd election campaign oxfordmail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oxfordmail.co.uk Daily Mail and Mail on Sunday newspapers.
Sir Keir Starmer will visit Wales on Thursday to promote Welsh Labour’s coronavirus recovery plan ahead of the Welsh Parliament election.
The Labour leader will be joined by First Minister Mark Drakeford at the Down to Earth Project in Gower where they will say how jobs, skills and opportunities for young people are at the heart of Labour’s election manifesto.
Pledges include building 20,000 new, low-carbon social homes for rent and through a Housing Retrofit Programme, developing a Global Centre of Rail Excellence in the Dulais Valley to promote rail innovation to create 300 jobs.
The visit will be Sir Keir’s second to Wales since he became leader and the first during campaigning for the May 6 election.